FIRST MARBLEHEAD CORP 4
4 · FIRST MARBLEHEAD CORP · Filed Feb 24, 2016
Insider Transaction Report
Form 4
Risley John Carter
10% Owner
Transactions
- Sale
Common Stock, par value $0.01
2016-02-22$3.93/sh−8,700$34,191→ 1,923,213 total(indirect: See Footnote) - Sale
Common Stock, par value $0.01
2016-02-23$3.61/sh−13,600$49,096→ 1,909,613 total(indirect: See Footnote)
Footnotes (3)
- [F1]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.87 to $4.02, inclusive. The reporting person undertakes to provide to The First Marblehead Corporation, any security holder of The First Marblehead Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (1) to this Form 4.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.60 to $3.81, inclusive. The reporting person undertakes to provide to The First Marblehead Corporation, any security holder of The First Marblehead Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (2) to this Form 4.
- [F3]On December 31, 2015, the reporting person transferred all of his interests in the Issuer to FP Resources (USA) Inc., an entity wholly owned by Lobster Point Holdings Limited, an entity wholly owned by the reporting person, in a transaction exempt pursuant to section 16a-13.